NASDAQ on Course to Break Losing Streak

Dow Jones00:10

Investors are hitting pause on the rout that hit tech stocks last week.

Major stock indexes are rising, with the Nasdaq the strongest among them. Shares in Comcast are leading the way, up about 7%: News it's splitting its tech and media businesses into two separate companies sent the stock higher.

The Dow Jones Industrial Average, which added Google parent Alphabet as one of its 30 stocks today, is poised to close above 52000 for the first time if current gains hold through the day.

The Supreme Court meanwhile rejected President Trump's bid to fire Federal Reserve governor Lisa Cook with little legal scrutiny. Treasury yields were little changed after the decision, which didn't come as a surprise. The case has been closely watched by investors who treat Fed independence as a pillar of bond market stability.

Oil prices are reacting cautiously to the resumption of peace talks between the U.S. and Iran after several days of tit-for-tat strikes. Futures for Brent crude, the international benchmark, rose above $73 a barrel. Fighting over the weekend again heightened the risks to vessels transiting through the Strait of Hormuz.

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